Bitcoin Late Longs Washed Out as BTC Price Slipped Below $73K
Cointelegraph
Bitcoin dropped to $72,600, triggering over $935 million in liquidations as market uncertainty and geopolitical tensions impacted crypto prices.Summary
Bitcoin experienced a significant sell-off, falling to a six-week low of $72,600 following reported military strikes between the US and Iran. This price correction triggered the liquidation of over $935 million in leveraged positions, with Bitcoin and Ether accounting for the majority of the losses. Analysts are closely monitoring the $70,000 support level, noting that while some attribute the decline to standard month-end market rebalancing, a failure to hold current support could lead to further corrections toward $65,000.
(Source：Cointelegraph)